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20121127
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the devastation unleashed on his state by superstorm sandy and says the long recovery home has convinced him to run for re-election next year. storm victims have been asking about his plans. >> this weekend, mary pat and i, the kids, had an opportunity to just kind of have a few minutes to ourselves. and we talked about it. and we've decided we're going to seek re-election. and we're wanting to get that going today. so i instructed my campaign treasurer to file papers with the election law enforcement commission to seek re-election. and so -- >> there you have it. christie has been extremely hands on in dealing with the storm damage. that has helped fuel a huge spike in his approval ratings which now hover around 80%. >>> in dewitt county, illinois, reluctantly agreed to a coin flip 14 days after their election ended in a tie. incumbent ferguson called tails. decisive coin flip was more like gambling than democracy, he says. >>> crane on fire starts to collapse with hundreds of people standing below in australia. now we're learning about a connection between that crane and another crane that
york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and high frequency trading. p. >> money markets used to be covered by the fdic when the crisis first came on. >> and also worth pointing out, there was one failure of mary sha piro's time in office, shall was th
campaign. he says there is more than a year's work to do in the aftermath of superstorm sandy and the people of new jersey need to know he's committed to sticking with it. 95% of new jersey voters think that christie did either an excellent or good job responding to the storm and get this, his approval rating is now at 72% that is the highest ever recorded for a new jersey governor. so far no one has come forward to challenge kristie for the governor ship, but the democratic most often mentioned to fill that spot is new york mayor corey booker. he said his plans are on hold for the moment in the aftermath of hurricane sandy. >> according to politico, he said we work to shore up medicaid and social security but now is not the time to throw those into the fiscal cliff negotiation. mitt said he is not going to accept things like privatizing medicare. we're back after the break. ♪ the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary
the federal government for $42 billion for recovery and rebuilding saying hurricane sandy was worse than katrina in some ways. the governor said while more people were killed by katrina, sandy had a bigger economic impact because of the dense population of the new york city area. cuomo has invited house speaker john boehner to come to new york to tour the damage. >>> a peanut processing plant linked to salmonella won't we open today as planned. the fda stopped operations at sunland incorporated after 41 people in 20 states were sickened by tainted peanut butter. yesterday, the fda suspended sunland's registration preventing the company from producing or distributing any food. >>> was the death of former palestinian leader yasser arafat murder? was he poisoned? he died suddenly of a stroke, supposedly, in 2004, but a swiss lab said this summer that it found traces of a radioactive substance on his clothing. >>> the u.s. soldier accused of giving state secrets to wikileaks will speak for the first time since his arrest in 2010. bradley manning will testify today at a pre-trial hearing. he
tone all be it conditioned by hurricane sandy. the timing of the cutoff is last monday. so it's unlikely to include any holiday shopping. >> thank you, guys. >> roll tide. >> thank you. >> i thought more people would be coming at us with the notre dame thing. >> where is mary thompson today? >> she is heading to miami for the big game. >>> a down day and it was pretty clear that the markets were watching for signals coming out of washington on the fiscal cliff. and they didn't like what they heard when senate majority leader said he was disappointed with the talks with the republicans to this point. >> we have time. the moment harry reid started speaking you can see the charts that it all falls at the exact moment when he said they thought there would be more progress with the republicans.
, consume could be in for a rude awakening. third quarter gdp on thursday. a little bit of sandy and a little bit of fiscal cliff in this 1.2 to 2.2, those are the forecasts i have seen so far. >> do you think perhaps the consumer is not reflecting the fiscal cliff issues because the last time, we keep going up to the edge of the cliff and then things get -- things get resolved? >> it's a good question. it strikes n s me that looking at the debt ceiling debate i think consequences were equally stark but more easily understood, people anticipated that and more bad stuff in the economy. the consumer confidence numbers showed that job prospects looked good, home buying intentions look good, a buoyancy to the consume they're wasn't there. >> wasn't there. >> face the debt ceiling. yeah. >> thank you, steve. >> sure. >> as always. if you want more on this special coverage that we have, the crisis is in a special section of our website, riseabove.cnbc.com, check it out. it has some terrific information, ty. >>> breaking news now from the bond market. two-year notes up for auction. you
in sandyland, many people have been in the dark for days. some for weeks, after superstorm sandy. and some are now getting power bills that show normal usage. the long island power authority is assuring customers, don't worry, the next actual meter reading will reflect how much you've used, and they'll adjust your bill, and i'm telling you, there are some lipa customers right now who are outraged. after all they've been through. >> as well they should be. >> they are getting electricity bills reflecting normal usage, and for many of them it's been days, some of them it's been weeks with no power. and bring you up to speed on cyber monday. what's your best guess on what people were out there buying? >> i would have thought apple products? >> yeah. had to be electronics. >> a lot of question about electronics. monday sales up 28% from last year, according to the bench mark survey and the most searched-for items were amazon's kindle and kindle fire, uggs, ipads, the ipod touch, legos, and the wii. >> well, i like the legos. i mean, it's making a comeback. maybe children will actually do a thi
, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would solve problems we have in america and people have no idea that general low income americans have no idea i would suggest that the fiscal cliff is on its way. no wonder they are out there spending money. no wonder. >> i wouldn't make a distinction between what low income americans or high income americans know less than anyone around the scale. on the other hand, simon, it may be that people think they'll solve this problem and it's not going to affect them given the pledge by the president not to allow the tax increases and spending cuts to hit people $250,000 and below. that's a distinct possibility. i would also point out, si
Search Results 0 to 7 of about 8